How many shares are outstanding?

Does Morningstar pay a dividend?

Yes. Our board of directors has authorized a regular quarterly dividend of 23 cents per share. The next quarterly dividend will be payable on October 31, 2017 to shareholders of record as of October 18, 2017.

Can I buy stock directly from the company? Do you offer a direct stock purchase plan?

Computershare Trust Company sponsors and administers a dividend reinvestment and stock repurchase plan for Morningstar’s common stock. For more information, please visit www.computershare.com/investor.

Does Morningstar issue quarterly reports?

Does Morningstar hold investor conference calls?

No. Our goal is to communicate equally with all shareholders, without special treatment for large shareholders or research analysts. So instead of holding one-on-one meetings and conference calls, we answer questions from investors in written form on a regular basis. We make those answers available to all shareholders at the same time through regular 8-K filings.

How does Morningstar make money?

We generate revenue by selling a variety of investment-related products and services. Many of our products, including Morningstar® Data, Morningstar Direct , and Morningstar® Advisor Workstation, are sold through license agreements. Our license agreements typically range from one to three years. Some of our other offerings, such as our Premium service on Morningstar.com®, are sold via subscriptions. These subscriptions are mainly offered for a one-year term. We also sell advertising on our websites and generate transaction-based revenue for credit ratings. In our investment management business, we generate asset-based fees, which are calculated as a percentage of assets under management.

How many employees does the company have?

What countries does Morningstar have operations in?

Our company is based in Chicago, Illinois, and we have business operations in each of the following international markets: Australia, Brazil, Canada, Chile, Denmark, France, Germany, India, Italy, Japan, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, People’s Republic of China (both Hong Kong and the mainland), Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Arab Emirates, and the United Kingdom. Our joint venture in Japan, Morningstar Japan, is publicly traded under ticker 4765 on the Osaka Stock Exchange ‘‘Hercules Market.’’